Mapletree Investments has launched its first China logistics fund denominated in Chinese renminbi (RMB), in partnership with China Life Capital. The Mapletree China Logistics RMB Fund has a portfolio of five stabilized logistics assets with approximately RMB 1.5 billion ($222 million) in assets under management.
Mapletree China Logistics RMB Fund has secured commitments from international insurance companies, reflecting institutional investors’ confidence in China logistics sector’s long-term growth prospects as well as Mapletree’s track record as a logistics real estate developer and operator.
“Over the past two decades, Mapletree has grown into one of China’s leading logistics real estate developers and operators. The successful launch of the Mapletree China Logistics RMB Fund underscores our ability to grow our domestic investor base in China by unlocking value from stabilized logistics assets,” said Goh Chye Boon, regional CEO of Mapletree China.
